Digital Realty initiated with a Neutral at Guggenheim
Don't Miss TipRanks' Half-Year Sale
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
15 minutes ago
- Business Insider
Tesla (TSLA) Delays Optimus Robot Amid Production and Leadership Setbacks
Tesla (TSLA) is facing production delays in its Optimus humanoid robot project. The company had planned to build 5,000 units in 2025, but has only produced a few hundred. According to reports, the main issue is the robot's hand and arm components, which remain underdeveloped, leaving many units incomplete on factory floors. Tesla stock is down 21% year-to-date. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Optimus Faces Delays Amid Technical and Leadership Setbacks During the company's second-quarter earnings call, CEO Elon Musk acknowledged the challenges and scaled back expectations. He now expects production of the updated Optimus 3 model to begin in early 2026. Musk still sees long-term potential, calling the goal of one million units per year within five years 'a reasonable aspiration.' He added that he would be 'shocked' if Tesla is not producing 100,000 units per month by 2030. Production was paused in mid-June to address hardware issues. Joint motors have been overheating, and current batteries often fall short in terms of durability. The robot's hands, a critical piece for dexterity, lack the strength and reliability needed for repetitive tasks. Tesla is testing new materials and working with multiple suppliers to find a solution. Leadership turnover has also slowed momentum. Milan Kovac, who ran the program, left in June. Ashok Elluswamy, previously head of Tesla's Full Self-Driving division, is now leading the effort. In related news, earlier in June, Tesla filed a lawsuit against one of its former engineers and his robotics startup, accusing them of stealing trade secrets related to the design of the Optimus hand. Tesla is counting on new business lines as its core automotive segment faces pressure. The company reported a 12% decline in revenue and a 16% drop in vehicle sales for Q2 2025. U.S. EV tax incentives are fading, and competition from General Motors (GM), Hyundai (HYMLF), and others is growing. Tesla is betting on robotics and AI to drive future growth, but for now, Optimus remains a long-term play. Is Tesla a Buy, Sell, or Hold? On the Street, Tesla currently boasts a Hold consensus rating from Wall Street analysts based on 35 reviews. The average price target stands at $314.14, suggesting a potential downside of 0.61%.
Business Insider
2 hours ago
- Business Insider
Bezos Offloads $5.7 Billion in Amazon (AMZN) Stock Ahead of Q2 Earnings
Jeff Bezos has completed a significant sale of Amazon (AMZN) shares, cashing out $5.7 billion since late June. The transactions were made under a 10b5-1 trading plan, allowing company insiders to sell shares on a predetermined schedule. The sale included 25 million shares, with the final 4.2 million sold for $954 million just days before the company's second-quarter earnings report, scheduled for July 31. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. AI Expenses vs. Revenue The timing comes as Amazon stock has climbed 38% from its April low. Despite the gains, the company is facing questions from investors about whether its heavy artificial intelligence spending will begin to boost profitability. Analysts expect second-quarter earnings of $1.32 per share on $162 billion in revenue, reflecting 4% and 9% growth from last year. That pace trails other top tech names, which are averaging 15% earnings growth and 12% revenue expansion. Amazon has committed $104 billion to capital expenditures this year, including $30 billion for new data centers in Pennsylvania and North Carolina. Bezos' History of Share Sales Bezos remains the company's largest individual shareholder, still owning around 884 million shares or more than 8% of the company. His Amazon stake is the foundation of his $252.3 billion net worth, placing him third on the Bloomberg Billionaires Index. Since 2002, Bezos has sold over $50 billion in Amazon stock. In 2024 alone, he sold 75 million shares for $13.6 billion. He also donated about $190 million in shares to nonprofits this year. His only recorded purchase was one share for $114.77 in 2022. Market reaction to the latest sales has been limited, with the stock holding steady during the selling period. Investors appear to view the move as part of Bezos' long-running strategy to diversify his holdings rather than a shift in outlook on Amazon itself. Is AMZN Stock a Good Buy? On the Street, Amazon boasts a Strong Buy consensus rating. The average AMZN stock price target is $258.27, implying an 11.59% upside.
Business Insider
2 hours ago
- Business Insider
TD Securities Reaffirms Their Buy Rating on Rogers Comm Cl A (RCI.A)
In a report released on July 24, Vince Valentini from TD Securities maintained a Buy rating on Rogers Comm Cl A, with a price target of C$58.00. The company's shares closed last Friday at C$50.15. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Valentini covers the Communication Services sector, focusing on stocks such as Rogers Communication, Rogers Comm Cl A, and Quebecor. According to TipRanks, Valentini has an average return of 0.8% and a 54.80% success rate on recommended stocks. In addition to TD Securities, Rogers Comm Cl A also received a Buy from Desjardins's Jerome Dubreuil in a report issued on July 24. However, on the same day, Scotiabank maintained a Hold rating on Rogers Comm Cl A (TSX: RCI.A). The company has a one-year high of C$59.00 and a one-year low of C$38.01. Currently, Rogers Comm Cl A has an average volume of 2,831.
